The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-03-12

! horse power; and in the cases of cruis-
/ ers No. and No. 8, ton is guaranteed
/ to produce nearly ten horsepower All
! this, it will be seen, is stimulating to
our own people, and in the end they
! will probably succeed in doing as well,
or better, than these results show"
! The Secretary characterized as ridicu-
/ lous that the departments advertise
ments soliciting the submission of de-
signs can be regai ded as an attempt to
/ brIbe foreign naval officers, and on this
point he says: 1.-The advertisement sim
ply copied statute passed in 1882. which
provided that Before any of the
vessels hereby authorized shall be
contracted for, or commenced, the
Secretary of the Navy shall, by
proper public advertisement and notice.
write all the engineers and mechanics
| of established reputation and all re-
pUtable manufacturers of vessels, steam
| engines, boilers and ordnance. having
or controlling regular establishments,
| and being engaged in business; all
| officials of the navy, and especially all
naval contractors of steam engineers
ard ordnance officers OF the navy to
| submit designs" This advertisement
was written in the form in which it has
always been put out, and which the
law indicated. Ii was published in
England and France, in order to bring
it to the attention of the persons re-
ferred to by the law as engineers and
mechanics of established reputation,
and all reputable manufacturers of
vessels, steam engines, boilers and so
on, and bad
NO REFERENCE WHATEVER
have been, of course, absurd to publish
such thing if that had been the in
tention. The advertisement was copy
of one which had been inserted before,
and which was. in accordance with
the statute"
The committee of the Southern Pas
senger Agents Convention, which ad-
iourned here recently, has decided
upon the
GENERAL NATIONAL DRILL BATE
for all II aYelers. Under the interstate
commerce law, it is understood they
cannot make discrimination in favor
of persons, so the committee has deci-
ded to give the cheap soldier rate to
citizen travellers also. Three-quarters
of cent per mile is the rate fixed, for
parties of not less than twenty-five in
one party, Tor q short line distance
travelled from all points to Washington
and return. This rate, which applies to
citizens and soldiers, is the lowest ever
given for similar purposes; about one
half that given to the New Orleans ex-
position.
STANDARD DOLLARS.
The circulation of standard silver
dollars is now $57 PA. $40, out CT total
OF $256, 471.647. The silver certificates
in circulation amount to 1924 200 1862,
deducting which leaves $25 996, 745 net
standard dollars in the treasury. The
gold coin and bullion in the treasury is
less than $40, JOB 065. The certificates
in circulation amount to SIZE, 284, AT.
James l. David,
AGENT OF THE Usage INDIANS,
of Indian Territory, has been suspended
by Indian Inspector Bannister, and
Special Agent White has been tempo
farily placed in charge of the agency.
In conversation with an Associated
Press reporter, tonight, as to the posi-
bility of
\ FINANCIAL PANIC
resulting from the accumulation of
surplus in the Treasury after all the
payable bonds have been called, Treas
urer Jordan said he saw nothing in the
present situation which was at all likely
to cause panic. There was nothing in
the situation to excite such fears.
Should a panic occur, however, Jordan
said government had full power to 60
into the market and buy bonds in order
to relieve the financial strain, although
he could not, of course, speak for the
administration of which he would soon
cease to member. He had no reason 20
suppose this resource would not be ap-
piled, as it had been with success on
other occasions. The only trouble
he apprehended was the pres
sure for small currency, and this
pressure was being felt even now, and
in his opinion would continue until
about the 10th of April. Government |
was meeting this demand as fast as
POSSIBLE, but could never supply IL as |
fully as desirable At this season of the |
wear there was always a demand for |
small currency, and the treasury was |
unable to issue silver certificates as fast |
as called for. This was owing to no |
want OF provision on the part OF the |
Treasury Department, but to the failure |
of the deficiency bill, which appropri- |
ated money for the issue of silver Ger
tifcates. The department had ample
facilities, but not sufficient money for /
the purpose. There was no reason
for alarm, however, it was simply |
spring demand for small currency
and there were about SAT, 900 GOO of 50 |
and $40 gold coins in the New York sub
treasury alone, and s1OO,0J0000 more
small money available with which to
meet any such emergency. The de
partment would supply silver certif-
Gates as far as possible and any add
tional demand would simply entail on |
banks the difference in cash between
the.transportation of silver certificates
and other currency
Rough on Dirt"
Ask for Rough on Dirt; A perfect wash
L l.